Absolute Capital Management LLC acquired a new stake in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,606 shares of the company’s stock, valued at approximately $323,000.
A number of other institutional investors also recently modified their holdings of XMMO. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $66,383,000. Mainstay Capital Management LLC ADV bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $35,394,000. LPL Financial LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 19.3% in the 3rd quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock valued at $209,969,000 after purchasing an additional 282,112 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 918.3% in the 4th quarter. Principal Securities Inc. now owns 248,852 shares of the company’s stock valued at $30,741,000 after purchasing an additional 224,413 shares during the last quarter. Finally, Win Advisors Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $12,249,000.
Invesco S&P MidCap Momentum ETF Stock Performance
NYSEARCA:XMMO opened at $115.64 on Friday. The firm’s fifty day moving average is $124.25 and its 200-day moving average is $124.46. Invesco S&P MidCap Momentum ETF has a 52 week low of $105.77 and a 52 week high of $137.14. The firm has a market cap of $3.51 billion, a P/E ratio of 16.76 and a beta of 1.04.
About Invesco S&P MidCap Momentum ETF
The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.
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